Are Promontory Accounts a Safe Place to Park your $$

[Wordstew]

Anybody know anything about  Promontory Accounts???  Just curious if they would be a safe place to park some dry powder $$ during market turmoil with plans for later bargain hunting??

[dabears847]

I'm familiar with the account types, many iterations and rebranding occurring. Essentifull nlimited FDIC's accounts in CD or mma. I used to sell them to fund managers with an uncapped fdic limit.